The digital currency PEPE is back in the spotlight after a 15% price jump today. Analysis shows this may be the start of a significant rise.
PEPE Hits New Heights
Today, PEPE's price rose by 15%, making it one of the top-performing cryptocurrencies on the market. While all cryptocurrencies are showing green trends, meme projects like PEPE demonstrate special interest.
Technical Analysis and Predictions
Trader Crypto Seth tweeted that PEPE is "beginning the explosion" and sees a move toward **$0.00005** as "reasonable." This would be a 4x increase from the current price of about **$0.00001271**.
According to chart data, PEPE has recently broken out of a long sideways range that held between **$0.000009** and **$0.000011**. A strong candle and increased volume confirm growing interest in the asset. However, to reach the target price of **$0.00005**, PEPE needs to hold above **$0.000013** and push through **$0.000015**, which was a key resistance in June. The next important zone is between **$0.00002** and **$0.000025**. If PEPE can break and stay above it, the way to **$0.00005** opens up. Yet achieving this level would require additional interest from users and influencers.
Conclusion
PEPE is showing significant activity in the meme coin market. Although the **$0.00005** prediction seems aggressive, it is not impossible if the current trend continues.
At this stage, the main focus is whether the price can hold above the breakout zone. If it does, traders might look for target levels of **$0.000015** to **$0.00002**.
